{"schemaVersion":1,"ticker":"ZHDG","asOf":"2026-10-30","desk":"alternatives","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/zhdg/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-30","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, ZHDG against its benchmark, data as of 2026-10-30, https://etfiq.com/funds/zhdg/"},"benchmark":{"ticker":null,"name":null,"tier":null,"kind":null,"basisOnPage":null,"basisHere":"total"},"stated":{"index":"Bloomberg U.S. Aggregate Bond Index","namedIn":"its shareholder report","status":"priced","via":"AGG","r2":0.1408,"oneYear":{"from":"2025-10-30","to":"2026-10-30","fund":4.52580084,"ref":-0.29096694,"gap":4.81676778}},"absent":"no ETF prices its benchmark (none named)","notMeasured":"no priced benchmark","secondary":{"benchmark":{"ticker":"AGG","name":"Bloomberg U.S. Aggregate Bond Index","namedIn":"its shareholder report","role":"secondary","basisHere":"total"},"kind":"benchmark","a":"ZHDG","b":"AGG","window":{"from":"2021-07-16","to":"2026-10-30","firstReturn":"2021-07-23","weeklyReturns":276,"years":5.29,"short":false,"weekEnding":"2026-11-01"},"riskFree":{"rate":0.03728035,"perWeek":0.0007169298,"days":1323,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":0.32843017,"b":-0.01498399,"edge":"ZHDG","lead":"ZHDG"},"annualised":{"a":0.05496422,"b":-0.00284039,"edge":"ZHDG","lead":"ZHDG"},"price":{"a":0.18536314,"b":-0.16859362,"edge":"ZHDG","lead":"ZHDG"},"volatility":{"a":0.11455854,"b":0.05704508,"edge":"AGG","lead":"AGG"},"downsideDeviation":{"a":0.07945067,"b":0.04270677,"edge":"AGG","lead":"AGG"},"maxDrawdown":{"a":-0.22623574,"b":-0.17498586,"edge":"AGG","lead":"AGG","aPeak":"2021-12-31","aTrough":"2022-09-30","bPeak":"2021-07-30","bTrough":"2022-10-21"},"excess":{"a":0.0227847,"b":-0.03850459,"edge":"ZHDG","lead":"ZHDG"},"sharpe":{"a":0.19889129,"b":-0.67498533,"edge":"ZHDG","lead":"ZHDG"},"sortino":{"a":0.28677788,"b":-0.90160396,"edge":"ZHDG","lead":"ZHDG"},"calmar":{"a":0.24295111,"b":-0.01623213,"edge":"ZHDG","lead":"ZHDG"}},"relative":{"ZHDG":{"on":"AGG","beta":0.56835973,"r2":0.08009917,"alpha":0.04466915,"alphaT":0.93083012,"alphaLow":-0.0498039,"alphaHigh":0.1391422,"upsideCapture":0.7507449,"downsideCapture":0.48149067,"treynor":0.04008851,"trackingError":0.11259997,"informationRatio":0.54430995,"upWeeks":135,"downWeeks":139,"treynorReference":-0.03850459,"edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true},"alpha":{"edge":"Not significant"},"alphaRange":{"edge":"Includes zero"},"upsideCapture":{"edge":"AGG","lead":"AGG"},"downsideCapture":{"edge":"ZHDG","lead":"ZHDG"},"treynor":{"edge":"ZHDG","lead":"ZHDG"},"informationRatio":{"edge":null,"lead":"ZHDG","note":"one number for the pair: its sign says which side it favours"},"trackingError":{"edge":null,"neutral":true}}}},"sources":{"ZHDG":{"kept":"2026-11-01","distributions":5,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":276,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.32843017}},"AGG":{"kept":"2026-11-01","distributions":63,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"vendor":{"weeks":276,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":-0.01498399}}}}}